Mutual funds are the best source for building wealth without knowing the stock market.
You can achieve your long goals like a dream home, retirement corpus, dream vacations, etc.
But, there are many types of mutual funds available in India, which are regulated by SEBI (Security Exchange Board of India).
Then, How to pick the best mutual funds to invest in?
Few funds perform, and few don’t perform. Thus, every investor must validate many parameters before choosing the mutual fund that suits their investment goals and risk appetite.
Fincareplan is interested in simplifying the process for investors, as we bring the best mutual funds to invest in 2023 for various types like Equity, Debt, Hybrid, Sectoral, and GILT Funds.
Keep reading till the end, as the values you get are immense, and it can help choose the right mutual fund.
The Mutual funds are chosen on the following basis,
1. AUM (Asset Under Management)
2. Performance (minimum 5 Years)
3. Volatility against the Index, and Risk vs Category
4. Expense Ratio.
In this article, you will go through the two top mutual funds in India from each category.
This pick ain’t chosen only based on performance, as we will be having another article on mutual funds based only on performance.
Best Mutual Funds to Invest in India in 2023
As we mentioned earlier, there are multiple types of mutual fund schemes available in India. So, this article will be a mixture of top-performing mutual funds from various categories like Equity, Debt, Hybrid, Flexi funds, GIlt, etc.
1. Axis Bluechip Fund Direct plan Growth
This fund is one of the top picks under the Large Cap Mutual Funds category. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 16.49% CAGR. The benchmark index for the fund is S&P BSE 100 India TRI
Here are the Stats, why we ranked them as the best mutual funds to invest in 2022
- AUM (Asset Under Management – Rs. 34182 Crores
- Expense Ratio – 0.48%
- 5 Years Performance – 18.93%
- Percentage of Equity Holding – 95.9%
- Risk vs Category – Low
Axis Bluechip Fund Direct plan growth has an asset allocation of Equity (95.9%), Debt (4.5%), and Cash (-0.4%). The equity portfolio consists of various sectors like Financial (37.8%), Technology (21.6%), Services (10.5%), Healthcare (6.5%), Construction (6.1%), Others (17.65).
Here is the Risk Ratio of the Fund:
- Standard Deviation – 17.59 vs 21.45 (Index)
- Sharp Ratio – 0.89 vs 0.69 (Index)
- Alpha – 4.22 vs 7.91 (Index)
- Beta – 0.78 vs 1 (Index)
- R2 – 89.37 vs 46.23 (Index)
Other Details of the Fund:
- P/E – 38.61
- P/B – 5.22
- Top 5 Equities hold 43% of AUM
- Top 20 Equities hold 85% of AUM
- Exit Load – 1 %if redeemed within 1 year
- Stamp Duty – 0.005%
2. Mirae Asset Large Cap Fund Direct Plan Growth
Mirae Asset Large Cap Fund Direct Plan-Growth is one of the top picks under the Large Cap Mutual Funds category. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 17.71% CAGR. The benchmark index for the fund is S&P BSE 100 India TRI
Here are the Stats, why we ranked them as the best mutual funds to invest in 2022
- AUM (Asset Under Management – Rs. 31297 Crores
- Expense Ratio – 0.54%
- 5 Years Performance – 16.3%
- Percentage of Equity Holding – 98.7%
- Risk vs Category – Moderate Risk.
Axis Bluechip Fund Direct plan growth has an asset allocation of Equity (98.7%), and Cash (1.3%). The equity portfolio consists of various sectors like Financial (32.7%), Technology (17.4%), Energy (8.6%), Healthcare (7.5%), Construction (6.5%), Automobile (5.3%), Engineering (55), Others (22.1%).
Here is the Risk Ratio of the Fund:
- Standard Deviation – 20.98 vs 21.45 (Index)
- Sharp Ratio – 0.73 vs 0.69 (Index)
- Alpha – 0.96 vs 7.91 (Index)
- Beta – 0.97 vs 1 (Index)
- R2 – 98.79 vs 46.23 (Index)
Other Details of the Fund:
- P/E – 25.62
- P/B – 3.60
- Top 5 Equities hold 38% of AUM
- Top 20 Equities hold 70% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
3. Axis Midcap Fund - Direct Plan - Growth
Axis Midcap Fund Direct Plan-Growth is one of the top picks under the best Midcap Mutual Funds category. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 19.96% CAGR. The benchmark index for the fund is S&P BSE Midcap TRI
Here are the Stats, why we ranked them as one of the top mutual funds in India
- AUM (Asset Under Management – Rs. 16754.33 Crores
- Expense Ratio – 0.47%
- 5 Years Performance – 21.35%
- Percentage of Equity Holding – 94.9%
- Risk vs Category – Low Risk.
Axis Midcap Fund Direct plan growth has an asset allocation of Equity (94.9%), Debt (4.7%), and Cash (0.4%). The equity portfolio consists of various sectors like Financial (19.2%), Technology (17.3%), Chemicals (12.5%), Services (10.7%), Healthcare (7.2%), Automobile (6.7%), Consumer Durable (6.7%), Construction (5.1%), Others (14.6%).
Here is the Risk Ratio of the Fund:
- Standard Deviation – 16.79 vs 21.61 (Index)
- Sharp Ratio – 1.03 vs 0.53 (Index)
- Alpha – 8.94 vs 7.56 (Index)
- Beta – 0.73 vs 0.72 (Index)
- R2 – 89.06 vs 19.95 (Index)
Other Details of the Fund:
- P/E – 38.44
- P/B – 6.45
- Top 5 Equities hold 18% of AUM
- Top 20 Equities hold 55% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 500 per month
4. Kotak Emerging Equity Fund - Direct - Growth
Kotak Emerging Equity Fund Direct Plan-Growth is one of the top picks under the best Midcap Mutual Funds category. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 20.46% CAGR. The benchmark index for the fund is S&P BSE Midcap TRI
Here are the Stats, why we ranked them as one of the top mutual funds in India
- AUM (Asset Under Management – Rs. 17756.31 Crores
- Expense Ratio – 0.530%
- 5 Years Performance – 17.33%
- Percentage of Equity Holding – 96.3%
- Risk vs Category – Moderate Risk.
Kotak Emerging Equity Fund Direct plan growth has an asset allocation of Equity (96.3%), and Cash (3.7%). The equity portfolio consists of various sectors like Engineering (17.1%), Chemical (15.1%), Financial (13.2%), Construction (11.7%), Consumer Durable (8.7%), Healthcare (7.3%), FMCG (6.2%), Others (20.7%).
Here is the Risk Ratio of the Fund:
- Standard Deviation – 20.87 vs 21.61 (Index)
- Sharp Ratio – 0.71 vs 0.53 (Index)
- Alpha – 4.21 vs 7.56 (Index)
- Beta – 0.94 vs 0.72 (Index)
- R2 – 94.50 vs 19.95 (Index)
Other Details of the Fund:
- P/E – 29.85
- P/B – 4.38
- Top 5 Equities hold 20% of AUM
- Top 20 Equities hold 56% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 1000 per month
5. Nippon India Small Cap Fund Direct Growth
Nippon India Small Cap Fund Direct Plan-Growth is one of the top picks under the best Small Cap Mutual Funds in India. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 24.80% CAGR. The benchmark index for the fund is S&P BSE Small Cap TRI
Here are the Stats, why we ranked them as one of the top mutual funds in India
- AUM (Asset Under Management – Rs. 18933.35 Crores
- Expense Ratio – 1.02%
- 5 Years Performance – 20.09%
- Percentage of Equity Holding – 98.1%
- Risk vs Category – High Risk.
Nippon India Small Cap Fund Direct plan growth has an asset allocation of Equity (98.1%), and Cash (1.9%). The equity portfolio consists of various sectors like Engineering (13.5%), Chemical (13.3%), Technology (11.8%), FMCG (10.8%), Financial (9.8%), Construction (7.2%), Automobile (6.5%), Services (5.5%), Others (21.7%).
Here is the Risk Ratio of the Fund:
- Standard Deviation – 24.65 vs 25.03 (Index)
- Sharp Ratio – 0.79 vs 0.61 (Index)
- Alpha – 4.52 vs 11.13 (Index)
- Beta – 0.97 vs 0.8 (Index)
- R2 – 97.75 vs 18.37 (Index)
Other Details of the Fund:
- P/E – 25.06
- P/B – 3.13
- Top 5 Equities hold 13% of AUM
- Top 20 Equities hold 38% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 100 per month
6. DSP Small Cap Fund Direct Growth
DSP Small Cap Fund Direct Plan-Growth is one of the top picks under the best Small Cap Mutual Funds in India. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 21.69% CAGR. The benchmark index for the fund is S&P BSE Small Cap TRI
Here are the Stats, why we ranked them as one of the top mutual funds in India
- AUM (Asset Under Management – Rs. 18933.35 Crores
- Expense Ratio – 0.99%
- 5 Years Performance – 13.74%
- Percentage of Equity Holding – 97.2%
- Risk vs Category – Moderately low.
DSP Small Cap Fund Direct plan growth has an asset allocation of Equity (97.2%), and Cash (2.8%). The equity portfolio consists of various sectors like Chemical (20.5%), Construction (9.8%), Textiles (9.4%), Automobile (9.2%), FMCG (8.4%), Services (8.0%), Metals (7.2%), Consumer Durable (7%), Financial (6.5%), Healthcare (6.2%), Others (7.7%).
Here is the Risk Ratio of the Fund:
- Standard Deviation – 23.89 vs 25.03 (Index)
- Sharp Ratio – 0.58 vs 0.61 (Index)
- Alpha – (-) 0.48 vs 11.13 (Index)
- Beta – 0.93 vs 0.8 (Index)
- R2 – 95.62 vs 18.37 (Index)
Other Details of the Fund:
- P/E – 19.37
- P/B – 3.11
- Top 5 Equities hold 18% of AUM
- Top 20 Equities hold 52% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 500 per month
7. Quant Active Fund Direct Plan Growth
Quant Active Fund Direct Plan-Growth is one of the top picks under the best Multi Cap Mutual Funds in India. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 20.43%% CAGR. The benchmark index for the fund is S&P BSE 500 India TRI
Here are the Stats, why we ranked them as one of the best mutual funds to invest in India
- AUM (Asset Under Management – Rs. 1719.74 Crores
- Expense Ratio – 0.58%
- 5 Years Performance – 23.44%
- Percentage of Equity Holding – 96.8%
- Risk vs Category (5 Years)– Moderately High Risk.
Quant Active Fund Direct plan growth has an asset allocation of Equity (96.8%), and Cash (3.2%). The equity portfolio consists of various sectors like Services (16.1%), FMCG (14.7%), Construction (14.5%), Financial (14%), Metals (13%), Healthcare (7.2%), Chemicals (6%), Energy (5.8%), Others (8.7%).
Here is the Risk Ratio of the Fund:
- Standard Deviation – 23.53 vs 21.86 (Index)
- Sharp Ratio – 1.21 vs 0.74 (Index)
- Alpha – 13.25 vs 9.22 (Index)
- Beta – 0.95 vs 1.02 (Index)
- R2 – 77.95 vs 46.37 (Index)
Other Details of the Fund:
- P/E – 16.88
- P/B – 2.59
- Top 5 Equities hold 31% of AUM
- Top 20 Equities hold 70% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 1000 per month
8. Baroda Multi Cap Fund Direct Plan Growth
Baroda Multi Cap Fund Direct Plan-Growth is one of the top picks under the best Multi Cap Mutual Funds in India. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 14.54% CAGR. The benchmark index for the fund is S&P BSE 500 India TRI
Here are the Stats, why we ranked them as one of the best mutual funds to invest in India
- AUM (Asset Under Management – Rs. 1154.05 Crores
- Expense Ratio – 1.54%
- 5 Years Performance – 14.81%
- Percentage of Equity Holding – 98.8%
- Risk vs Category (5 Years)– Low Risk.
Baroda Multi Cap Fund Direct plan growth has an asset allocation of Equity (98.8%), and Cash (1.2%). The equity portfolio consists of various sectors like Financial (21.9%), Technology (18.6%), Healthcare (12.4%), Services (8.2%), Energy (7.5%), Automobile (6.6%), Construction (6.6%), Construction (6.6%), Chemicals (5.1%), Others (13%).
Here is the Risk Ratio of the Fund:
- Standard Deviation – 18.82 vs 18.88 (Index)
- Sharp Ratio – 0.69 vs 0.64 (Index)
- Alpha – 1.43 vs 8.05 (Index)
- Beta – 0.91 vs 0.77 (Index)
- R2 – 91.44 vs 30.18 (Index)
Other Details of the Fund:
- P/E – 29.56
- P/B – 3.53
- Top 5 Equities hold 25% of AUM
- Top 20 Equities hold 60% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 500 per month
9. Axis Long Term Equity Direct Plan Growth
Axis Long Term Equity Direct Plan-Growth is one of the top picks under the best ELSS Mutual Funds in India. It is of the best mutual funds to invest, as the fund nears 10 years of completion.
The fund was started in January 2013, and since its inception, it has had an ultimate performance of 19.01% CAGR. The benchmark index for the fund is S&P BSE 200 India TRI and comes with a minimum 3-year lock-in period.
Here are the Stats, why we ranked them as one of the best mutual funds to invest in India
- AUM (Asset Under Management – Rs. 32136 Crores
- Expense Ratio – 0.75%
- 5 Years Performance – 16.39%
- Percentage of Equity Holding – 97.3%
- Risk vs Category (5 Years)– Moderately Low Risk.
Axis Long Term Equity Direct plan growth has an asset allocation of Equity (97.3%), Debt (2.3%), and Cash (0.5%). The equity portfolio consists of various sectors like Financial (33.4%), Services (16.3%), Technology (12.9%), Chemicals (9.3%), Healthcare (7.6%), Automobile (5.6%), FMCG (5.1%), Others (9.8%).
Here is the Risk Ratio of the Fund:
- Standard Deviation – 18.03 vs 18.5 (Index)
- Sharp Ratio – 0.73 vs 0.65 (Index)
- Alpha – 2.31 vs 7.96 (Index)
- Beta – 0.90 vs 0.77 (Index)
- R2 – 86.81 vs 31.26 (Index)
Other Details of the Fund:
- P/E – 44.41
- P/B – 6.58
- Top 5 Equities hold 40% of AUM
- Top 20 Equities hold 90% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 500 per month
10. Mirae Asset Tax Saver Fund Direct Plan Growth
Mirae Asset Tax Saver Fund Direct Plan-Growth is one of the top picks under the best ELSS Mutual Funds in India. It is of the best mutual funds to invest, as the fund completed 7 years in the industry. The fund was started in 2015, and since its inception, it has had an ultimate performance of 20.76% CAGR. The benchmark index for the fund is S&P BSE 200 India TRI
Here are the Stats, why we ranked them as one of the best mutual funds to invest in India
- AUM (Asset Under Management – Rs. 10971.85 Crores
- Expense Ratio – 0.41%
- 5 Years Performance – 19.45%
- Percentage of Equity Holding – 99.6%
- Risk vs Category (5 Years)– Moderate Risk.
Mirae Asset Tax Saver Fund Direct plan growth has an asset allocation of Equity (99.6%), and Cash (0.4%). The equity portfolio consists of various sectors like Financial (35.3%%), Technology (14.5%), Energy (8.1%), Automobile (7.7%), Construction (6.2%), Healthcare (5.7%), FMCG (5.3%), Others (17.2%).
Here is the Risk Ratio of the Fund:
- Standard Deviation – 18.94 vs 18.5 (Index)
- Sharp Ratio – 0.89 vs 0.65 (Index)
- Alpha – 4.69 vs 7.96 (Index)
- Beta – 1.00 vs 0.77 (Index)
- R2 – 96.82 vs 31.26 (Index)
Other Details of the Fund:
- P/E – 25.29
- P/B –3.64
- Top 5 Equities hold 32% of AUM
- Top 20 Equities hold 64% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 500 per month
11. Canara Robeco Equity Hydrid Fund Direct Plan Growth
Canara Robeco Equity Hybrid Fund Direct Plan-Growth is one of the top picks under the best Hybrid Mutual Funds in India. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 15% CAGR. The benchmark index for the fund is CRISIL Hybrid 35+65 – Agg TRI.
Here are the Stats, why we ranked them as one of the best mutual funds to invest in India
- AUM (Asset Under Management – Rs. 7406.91 Crores
- Expense Ratio – 0.66%
- 5 Years Performance – 14.77%
- Percentage of Equity Holding – 70.9%; Debt holding – 24.6%
- Risk vs Category (5 Years)– Low Risk
Canara Robeco Equity Hybrid Fund Direct plan growth has an asset allocation of Equity (70.9%), Debt (24.6%), and Cash (4.5%). The equity portfolio consists of various sectors like Financial (32.5%), Technology (15.2%), Automobile (9.7%), Construction (8.9%), Healthcare (7.6%), Energy (5.5%), Others (9.8%).
The Debt Allocation holds Sovereign (46.6%), Financials (21.7%), Energy (6.7%), Others (24.9%).
Other Details of the Fund:
- P/E – 33.73
- P/B – 4.38
- Top 5 Equities hold 23% of AUM
- Top 20 Equities hold 53% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 1000 per month
12. Mirae Asset Hybrid Equity Fund Direct Plan Growth
Mirae Asset Hybrid Equity Fund Direct Plan-Growth is one of the top picks under the best Hybrid Mutual Funds in India. It is of the best mutual funds to invest, as the fund has completed 7 years. The fund was started in 2015, and since its inception, it has had an ultimate performance of 13.85%% CAGR. The benchmark index for the fund is CRISIL Hybrid 35+65 – Agg TRI.
Here are the Stats, why we ranked them as one of the best mutual funds to invest in India
- AUM (Asset Under Management – Rs. 6541.6 Crores
- Expense Ratio – 0.41%
- 5 Years Performance – 14.3%
- Percentage of Equity Holding – 74.7%; Debt holding – 18.1%
- Risk vs Category (5 Years) – Moderately Low Risk
Mirae Asset Hybrid Equity Fund Direct plan growth has an asset allocation of Equity (74.7%), Debt (18.1%), and Cash (7.2%). The equity portfolio consists of various sectors like Financial (37.3%), Technology (14%), Energy (8.2%), Automobile (7.2%), Healthcare (7.1%), Construction (6.3%), FMCG (5.8%), Others (14.1%).
The Debt Allocation holds Financials (42.4%), Sovereign (32.1%), Others (25.5%).
Other Details of the Fund:
- P/E – 23.94
- P/B – 3.43
- Top 5 Equities hold 24% of AUM
- Top 20 Equities hold 53% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 1000 per month
13. ICICI Prudential All Season Bond Fund Direct Plan Growth
ICICI Prudential All Season Bond Fund Direct Plan-Growth is one of the tops picks under the best Debt Mutual Funds in India. It is of the best mutual funds to invest in, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 10.38% CAGR. The benchmark index for the fund is CRISIL composite bond fund TRI.
Here are the Stats, why we ranked them as one of the best mutual funds to invest in India
- AUM (Asset Under Management – Rs. 6512 Crores
- Expense Ratio – 0.61%
- 5 Years Performance – 8.53%
- Percentage of Debt holding – 83.7%
- Risk vs Category (5 Years)– Moderately Low Risk
ICICI Prudential All Season Bond Fund Direct plan growth has an asset allocation of Debt (83.7%), and Cash (16.3%). The Debt Allocation holds Sovereign (51%), Financials (14.8%), Construction (11%), Others (23.2%).
Other Details of the Fund:
- Top 5 Equities hold 16% of AUM
- Top 20 Equities hold 70% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 100 per month
14. ICICI Prudential Credit Risk Fund Direct Plan Growth
ICICI Prudential Credit Risk Fund Direct Plan-Growth is one of the top picks under the best Debt Mutual Funds in India. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 9.28% CAGR. The benchmark index for the fund is CRISIL composite bond fund TRI.
Here are the Stats, why we ranked them as one of the best mutual funds to invest in India
- AUM (Asset Under Management – Rs. 8436.03 Crores
- Expense Ratio – 0.87%
- 5 Years Performance – 8.58%
- Percentage of Debt holding – 87%
- Risk vs Category (5 Years) – Low Risk
ICICI Prudential Credit Risk Fund Direct plan growth has an asset allocation of Debt (87.8%), Cash (10.8%), and Equity (2.2%). The Debt Allocation holds Financials (23.8%), Construction (21.1%), Energy (8.3%), Services (7.9%), Sovereign (7.9%) Others (31.2%).
Other Details of the Fund:
- Top 5 Equities hold 16% of AUM
- Top 20 Equities hold 43% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 100 per month
15. Aditya Birla Sun life Securities Fund Direct Plan Growth
Aditya Birla Sun Life Securities Fund Direct Plan-Growth is one of the top picks under the best GILT Mutual Funds in India. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 9.55% CAGR. The benchmark index for the fund is ICICI Securities Mibex TRI.
Here are the Stats, why we ranked them as one of the best mutual funds to invest in India
- AUM (Asset Under Management – Rs. 1056.72 Crores
- Expense Ratio – 0.29%
- 5 Years Performance – 8.62%
- Percentage of Debt holding – 100%
- Risk vs Category (5 Years) – Moderately Low Risk
Aditya Birla Sun life Securities Fund Direct plan growth has an asset allocation of Debt (100%). The Debt Allocation holds Sovereign (91.2%) Others (8.8%).
Other Details of the Fund:
- Top 5 Equities hold 40% of AUM
- Top 20 Equities hold 77% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 1000 per month
16. SBI Magnum GILT Fund Direct Plan Growth
SBI Magnum GILT Fund Direct Plan-Growth is one of the top picks under the best GILT Mutual Funds in India. It is of the best mutual funds to invest, as the fund nears 10 years of completion. The fund was started in January 2013, and since its inception, it has had an ultimate performance of 9.12% CAGR. The benchmark index for the fund is ICICI Securities Mibex TRI.
Here are the Stats, why we ranked them as one of the best mutual funds to invest in India
- AUM (Asset Under Management – Rs. 3602.08 Crores
- Expense Ratio – 0.47%
- 5 Years Performance – 8.05%
- Percentage of Debt holding – 93%
- Risk vs Category (5 Years) – Moderately Low Risk
SBI Magnum GILT Fund Fund Direct plan growth has an asset allocation of Debt (93%), and Cash (7%). The Debt Allocation holds Sovereign (65.8%), Financial (22.4%), Others (11.8%).
Other Details of the Fund:
- Top 5 Equities hold 64% of AUM
- Top 20 Equities hold 88% of AUM
- Exit Load – 1% if redeemed within 1 year
- Stamp Duty – 0.005%
- Minimum SIP – Rs. 500 per month
Conclusion
So that’s my suggestion for the best mutual funds to invest in India.
Now I’d like to hear from you.
Which mutual fund from today’s post will you invest in first?
Do you want to try any other mutual fund?
Or maybe you are investing in a better mutual fund, which is not on the list.
Either way, let me know by leaving a comment below.